Most of us do not have fuel efficient cars, as compared to a Prius or other enhanced or alternative fuel machine. There is a reason that Exxon is near the top of the highest revenues list. In fact, according to an article on the Hunnigton Post, Exxon exceeds in net profits.
I believe that the industries know that the end is near, which explains the continual spikes. The initial spike was due to good reason (and I am sure there are others as well) but the cleaner energy movement will soon take over. The fuel efficiency will continue to improve until it is no longer needed for automobiles.
Normally, I would propose that there is something called a pricing equilibrium.as supply goes down demand goes up, thus the price inclines. Same happens for the lack thereof. I believe that in the "big picture" the oil companies are reversing the concepts to maximize profits (based on the "shortages" the media proclaims. Which, I also wonder if is not a tale from the companies themselves. Statistics and data can be reviewed with different interpretations; all a perspective.) In the reversal the false sense of scarcity spurred be demand that our culture refuses or cannot give up has driven a price which we have to pay.
Even if, we wanted to, the average person and family will struggle to buy a new vehicle. Many of the alternative or fuel efficient vehicles are costly and out of the range of the middle class. Even though the long term savings may be advantageous - we would rather or are more able to pay a little more now than a lot now for savings later.
I believe that the industries know that the end is near, which explains the continual spikes. The initial spike was due to good reason (and I am sure there are others as well) but the cleaner energy movement will soon take over. The fuel efficiency will continue to improve until it is no longer needed for automobiles.
Normally, I would propose that there is something called a pricing equilibrium.as supply goes down demand goes up, thus the price inclines. Same happens for the lack thereof. I believe that in the "big picture" the oil companies are reversing the concepts to maximize profits (based on the "shortages" the media proclaims. Which, I also wonder if is not a tale from the companies themselves. Statistics and data can be reviewed with different interpretations; all a perspective.) In the reversal the false sense of scarcity spurred be demand that our culture refuses or cannot give up has driven a price which we have to pay.
Even if, we wanted to, the average person and family will struggle to buy a new vehicle. Many of the alternative or fuel efficient vehicles are costly and out of the range of the middle class. Even though the long term savings may be advantageous - we would rather or are more able to pay a little more now than a lot now for savings later.
(http://www.consumerenergyreport.com/2012/02/27/how-high-have-gas-prices-risen-over-the-years/)
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